More Waller: Hawkish comments from the Fed Governor
- If shorter run expectations go up, that’s alarming and the Fed might have to take steps
- There is no way the Fed can go back to the small balance sheet of 2008
- The Fed wants to run an ample reserves type system
- Does not want to go to a scarce reserve system
- Has not spoken to Warsh about policy
- It’s crazy given recent data to be talking about rate cuts in the near future
Waller is a highly influential member of the Board of Governors of the Federal Reserve. Nominated by President Trump and confirmed in 2020, he serves a term ending in 2030. He is widely known in macroeconomic circles for his sharp academic background and historically pragmatic, data-driven approach to monetary policy. His pragmatism is tilting to the hawkish side now.
This article was written by Greg Michalowski at investinglive.com.提供 MainLink:Investinglive RSS Breaking News Feed
